A government official said fuel prices would rise by 0.070 dinars a liter in the coming days – the third hike this year. REUTERS/Zoubeir Souissi
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Tunisia will raise fuel prices in the coming days but hold off increasing public wages this year to meet terms of the International Monetary Fund for its next loan tranche, a government official and diplomatic sources said.An IMF delegation visited Tunisia this week to review with officials the next tranche worth around $250 million which, if approved, would bring total payments since 2016 to $1.2 billion.The government official said fuel prices would rise by 0.070 dinars (2.7 cents) a liter in the coming days, the third hike this year but below the 0.100 dinars the IMF had asked for, as the government has whittled down subsidies on imported fuel.For 2018, Tunisia had budgeted 1.5 billion dinars in subsidies but with a recent rise in global oil prices it would have to spend 4 billion to avoid a rise in pump prices, he said.
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